ROE of 10% by 2015 – new Suncop’s target

$225m in 2015 and $265m in 2016 in savings Suncorp looking to get through the special group’s programe. CEO Patrick Snowball confident that the strength of Suncoprs businesses joined with simplification and a more efficient capital structure will show growth of 7% to 9% per annum over the next 2 years and an ROE of 10% by 2015.

He said “Our strategy is clear. We remain focused on organic growth. Our businesses are growing strongly in low risk, target markets. We expect this will result in growth across the group of 7% to 9% each year for the next two years. There is plenty more gas in the tank.”